BlackRock’s iShares Ethereum Trust (ETHA) has reached a major milestone, now holding over 2 million ETH—valued at more than $5.5 billion. This accounts for roughly 1.65% of Ethereum’s total circulating supply, now locked into a single U.S. spot Ethereum ETF. According to the latest data, ETHA’s holdings stood at 2,001,081 ETH as of July 13, driven by a surge in institutional inflows.
The past week marked ETHA’s strongest performance since launch, attracting over $900 million in net inflows. Remarkably, three of the fund’s top 10 largest daily inflows occurred within the last seven days, highlighting growing investor confidence in Ethereum ETFs. ETHA’s price also surged, closing at $22.80 on Friday, up nearly 17% from Monday’s opening price of $19.36—its best weekly gain since May.
Collectively, all U.S. spot Ethereum ETFs now manage around $13.5 billion in assets, representing nearly 3.8% of Ethereum’s market capitalization. BlackRock leads the pack, followed by Fidelity, Bitwise, and Grayscale. Total net inflows across all funds have exceeded $5.3 billion, reflecting rising institutional appetite for ETH exposure.
This shift underscores a broader trend: Ethereum is increasingly moving out of circulation and into long-term institutional holdings. With a significant portion of ETH now off the open market, supply liquidity is tightening, which could impact price dynamics moving forward. The rapid accumulation of ETH by ETFs like ETHA suggests that institutional adoption of Ethereum is no longer a future prediction—it’s already underway, with data supporting strong and sustained demand.
This development positions Ethereum as a core digital asset for institutional portfolios, reinforcing its role in the evolving crypto investment landscape.
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